Instructions: Identify the Terms and Briefly State Their Historical Significance

question 79

Essay

Instructions: Identify the terms and briefly state their historical significance.
Zhu Yuanzhang

Journalize adjusting entries for unearned revenues, prepaid expenses, accrued expenses, and depreciation.

Explain the effects of omitting adjusting entries on financial statements.

Prepare necessary journal entries for payroll adjustments.

Calculate and adjust for supplies and insurance expense adjustments.